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421 Rose Place 421 N Rose Pl 4 Unit Apartment Building $1,654,716 CAD ($413,679 CAD/Unit) 5.53% Cap Rate Long Beach, CA 90802
INVESTMENT HIGHLIGHTS
- Excellent Location in the Heart of Retro Row
- All Units Offer In-Unit Washer/Dryers
- Opportunity to Acquire Adjacent Parking Lot
- New Windows Throughout within the Past 4 Years
- Rare Two-Car Tandem Parking Space for Potential Additional Income
EXECUTIVE SUMMARY
I NVESTM ENT S U M MARY
421 Rose Place is a well-maintained 4-unit apartment property located in the heart of Long Beach’s iconic 4th Street / Retro Row district.
Each unit offers a desirable two-bedroom, one-bathroom floor plan with a den. All apartments are equipped with in-unit washer/dryers, a sought after amenity that supports higher rental demand. New windows have been installed throughout the property within the past four years.
Additional features include a two-car tandem parking space. In addition, there is an opportunity to acquire an adjacent parking lot in a neighborhood where parking is often limited.
Recognized in publications such as The New York Times, Sunset Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant, pedestrian- and bike-friendly corridor, home to 40+ independent merchants. The area is celebrated for its eclectic mix of vintage and contemporary clothing, furniture, accessories, art, antiques, and collectibles, as well as a diverse range of acclaimed restaurants, cafés, wine bars.
With its prime location, strong rental fundamentals, and recent upgrades, 420 Rose Place represents a compelling investment opportunity for buyers seeking stable income and long-term value in one of the city’s most dynamic submarkets.
421 Rose Place is a well-maintained 4-unit apartment property located in the heart of Long Beach’s iconic 4th Street / Retro Row district.
Each unit offers a desirable two-bedroom, one-bathroom floor plan with a den. All apartments are equipped with in-unit washer/dryers, a sought after amenity that supports higher rental demand. New windows have been installed throughout the property within the past four years.
Additional features include a two-car tandem parking space. In addition, there is an opportunity to acquire an adjacent parking lot in a neighborhood where parking is often limited.
Recognized in publications such as The New York Times, Sunset Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant, pedestrian- and bike-friendly corridor, home to 40+ independent merchants. The area is celebrated for its eclectic mix of vintage and contemporary clothing, furniture, accessories, art, antiques, and collectibles, as well as a diverse range of acclaimed restaurants, cafés, wine bars.
With its prime location, strong rental fundamentals, and recent upgrades, 420 Rose Place represents a compelling investment opportunity for buyers seeking stable income and long-term value in one of the city’s most dynamic submarkets.
PROPERTY FACTS
| Price | $1,654,716 CAD | Property Subtype | Apartment |
| Price Per Unit | $413,679 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 5.53% | Building Size | 3,576 SF |
| Gross Rent Multiplier | 11.62 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1923 |
| Property Type | Multifamily | ||
| Zoning | CNR - Commercial | ||
| Price | $1,654,716 CAD |
| Price Per Unit | $413,679 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 11.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,576 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | CNR - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 7266-026-047 | Improvements Assessment | $781,718 CAD |
| Land Assessment | $661,670 CAD | Total Assessment | $1,443,388 CAD |
PROPERTY TAXES
Parcel Number
7266-026-047
Land Assessment
$661,670 CAD
Improvements Assessment
$781,718 CAD
Total Assessment
$1,443,388 CAD
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421 Rose Place | 421 N Rose Pl
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